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Arthur J. Gallagher to acquire UK-based insurance broker

Jan 08, 2019 - SNL European Financials Daily
Mergers and Acquisitions

Arthur J. Gallagher & Co. agreed to acquire U.K.-based insurance broker Stackhouse Poland Group Ltd. from Synova Capital.

The transaction is subject to regulatory approval and is expected to close in the first quarter.

Stackhouse Poland operates 23 offices in the U.K. with more than 500 employees, and has insurance divisions for high-net-worth private clients, real estate, commercial and healthcare, among others. It generates more than £55 million in annualized revenues, Arthur J. G...